Liaison Office Can Do Any Legal Trade: Carrie Lam
"); jQuery("#212 h3").html("
"); });
2018-05-29 HKT 11:39
Share this story
Chief Executive Carrie Lam said on Tuesday that Beijing's liaison office here can carry out any relevant business it wishes as long as it is legal.
Lam was responding to an RTHK report which confirmed the office has indirect ownership of the local publishing conglomerate, Sino United Publishing Holdings Limited, which runs more than half of the city's bookstores.
When asked whether this arrangement goes against the "One Country, Two Systems principle", Lam said the office could do other work related to its operational objectives, provided it was within the law.
Lam also said one shouldn't interfere with the work of the liaison office.
OCBC Plans Hong Kong Wealth Expansion With Up To 50 New Bankers
OCBC is expending its wealth management team in Hong Kong by 30% this year to meet growing regional demand for investme... Read more
Hana Financial To Acquire US$669M Stake In Dunamu, Deepening Crypto Push
Hana Financial Group has agreed to acquire a 6.55% stake in digital asset operator Dunamu. The transaction is valued at... Read more
Reap And TerraPay Partner To Expand Cross-Border Payouts Via Local Payment Rails
Reap has partnered with TerraPay to expand its cross-border payout network using domestic clearing systems. The integra... Read more
Tencent Fintech And Cloud Services Lift Q1 2026 Revenue 9% To US$8.68 Billion
Tencent reported a 9% increase in revenue from its fintech and business services division for the first quarter of 2026... Read more
Ant Group Profit Falls An Estimated 79% As AI And Payments Spending Rises
Ant Group saw an estimated 79% decline in quarterly profit as the company accelerates its spending on AI, large languag... Read more
Alibabas Cloud Revenue Jumps 40% As AI Investments Pressure Profitability
Alibaba Group has released its financial results for the quarter and fiscal year ending 31 March 2026, reporting a 3% a... Read more